411 THIRD AVENUE
411 Third Avenue, New Westminster, V3L 2S3
MLS® Number
R2412217
Property Type
Multifamily
Main Location
New Westminster
Bedrooms
6
Total Square Footage
8,260 SqFt
Title to Land
Freehold NonStrata
View
No
Tax Amount
12710.97
Listing Price
$4,600,000
Type of Dwelling
Other
Sub Location
Queens Park
Total Bathrooms
8
Property Age
107
Number of Levels
3
Year Built
1912
Tax Year
2019
Property Description
EXCELLENT HOLDING PROPERTY FOR FUTURE DEVELOPMENT, PRIME LOCATION IN QUEENS PARK. 11 UNIT APARTMENT BUILDING. Trophy property, large land parcel and all three lanes of the block converge to this site, non-heritage, legal 10 suites, all self contained, plus one additional suite and separated metered for all utilities, hydro, gas, cable. Additional separated building with 5 bay garage with good revenue as well. Benchmark property with excellent revenue and yet much less entry cost, excellent cape rate with future development upside. Recent Queens Park OCP 2041 proposed for medium density transition zone towards 6th St. high rise zoning. Newer high efficiency Super Hot smart boiler system, all electrical and copper piping done in 1990's, clean environmental phase 1 recently completed.
Property Location
Listing Courtesy of
RE/MAX Select Properties
Listing information last updated: Wed Jan 01 2020 08:17:37 GMT+0000 (Coordinated Universal Time)
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